Scam alert: Gold Digger on binary options

Here we have a new binary options scam called the „Gold Digger“. It is supposed to make you money on binary options on gold.

What is the Gold Digger about

In the video presentation you see a story about two alleged Russian developers who are behind the GPS Forex Robot.

They supposedly made a binary option trading software for trading Gold.

And although they could sell it to banks for big money, they will let you use it basically for free. What a fairy tale!

The reality

The same invested amount and a lot of different returns within the same day?

The Gold Digger story has many flaws, let’s have a look at some of them.

They say you can verify 9 year results of GPS Forex Robot on MyFXBook. There are some robots on MyFXBook with this name, but none of them is working more than 3 years.

They say that Gold Digger’s results are notarized. But they created a fake German notary web site (Schmidt) for that. You can have a look at it, the address does not make sense, the phone numbers are from the UK, the navigation info is copied from another German notary site, etc.

They say they use leverage on binary options 400:1 to make you a lot of money. Well, that is impossible, there is absolutely no leverage on binary options, their statement is a big nonsense.

One big fake, this street does not exist, UK phone numbers, English words…

Trading results are obviously faked, because they are trading 60 seconds options on Gold, however they are getting different returns from the same amount within the same day. Binary options brokers don’t change return ratios 3 times within half an hour!

There are a lot of other details we could go through, but the quickest way to close this review is to pinpoint this paragraph from the Gold Digger Terms and Conditions:

“The Videos – the videos displayed on the Website are provided for informational and promotional purposes only and should not be relied upon in making decisions and are for simulation only by using actor(s) and demo accounts.”

Conclusion

Gold Digger is a very daring binary options scam, because people behind it faked a notary document. It is very serious. They made up their story just to make you open a binary options trading account and deposit money into it. This is the first thing they’ll force you to do. So it is your money that you are going to lose if you trade with Gold Digger.

We repeat it again and again: do not trade with these binary options robots that promise you a lot of money for free, meanwhile you always have to deposit money first. If you really want to make money with binary options, you have to learn trading and trade yourself.

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21 thoughts on “Scam alert: Gold Digger on binary options”

Fully agree with your conclusion. In my ignorance I signed up with the broker they suggested as I thought these 2 guys were authentic. Their software is totally useless as I lost the 250 pounds I invested. I regret wasting my time and money. Thanks for the job you doing to warn people.

@Reinhold, we must be the only 2 people in the world that have had bad experiences and lost our whole investment.
I am so glad I found this review that seems to be the only honest review site on the internet. All other review sites I have read (including WatchDog) about Gold Digger has been positive with the conclusion that this app is not a scam. All of the comments following those reviews have said that the users have been making profits. I could not find one negative comment and so I was confused and thought I was doing something wrong. How could it be that every single person was making profits besides me?! When I posted my comments with my trades as proof of my trading losses my posts were never used…I was simply ignored.

Hello, I made comment in Watchdog about gold digger ( which I lost money) but It was not up in the site. They do not put the comment if it is negative about it.
I lost also Gold digger with Gold ( 120eur total 3trades) .
I fed up to use signals things….. we should do trade ourselves and learn how to trade and strategy,
If I lose trade using my strategy,,,, I can be improve and see what was wrong .. but If I lose trade with signals without thinking…. then I regret and easy to lose money!
Let’s study!

The BinaryOptionsWatchDog web site si actually promoting Gold Digger with an affiliate link, so they will get paid for every new trader they refer… It is probably the only reason why their review is positive, unfortunately. They do the same with FastCashBiz and other scams.

Hi everyone, beside the gold digger scam, there is google trader, cash camp , pro binary bot, and the biggest of them is watchdog who gives false and distorted endorsements. They never posted any of my poor results and went to the extent of using my name to post a fake endorsement of cash camp. Shame on all these scam artists and scammers, may they rot in hell for all their fraud.

binaryoptionswatchdog.com ignores my critic of golddigger, too.
Not one of my critical messages about Golddigger has been put before public eyes.
GD signals are bad, 45-51 % ITM, so I was loosing in the long run.
I used 2 brokers: zoom trade and bnary book.

I asked GD , why my GD account is not automatic.
There answer is as evasive as it would be coming from binboom stick guy support. Not very encouraging. They do not tell exactly, which brokers I need for autotrading.

On Sat, Oct 3, 2015 at 9:38 AM, Markku Peltola wrote:
Hi GD

Where do you people find the 60 sec trades? What broker? I cannot find autotrading in golddigger. I see only semiauto trading page, and I have to place the trades manually, and the trades are from 10 min to 11 hours expiry, not one 60 sec automatic.Where is the setting 60 sec gold?

Here you have the answer from GD:
GOLD Digger Support
21.07
“Hello,

In our website account we use several brokerages with different conditions. So we execute all possible trades there. It is a reason that the results can be different with yours.

You can trade any signal which you see inside memberarea at any time when it is allowed there. So, if you see that now the signal is available for you – you can trade it! It does not matter when you execute it. The main thing – to get it works you should execute this trade. It is logic of our robot and we track this for you. You should not worry about it, just set your investment and click “Trade” button.

Our robot automatically looks for all successfully trades. All what you need is investing your amount per trade and click “Trade” button. So this trade will be opened.

…Sometimes there are some bad weeks for the trading. So at this case, profitability of Gold Digger decreased. But we track all the signals by ourself and improve the system! So it will create new signals more profitable, concerning current market conditions. So, don’t worry please.

Hello,

Our software is fully automated. You should just choose instruments (gold, silver or currency pairs) on which you want to trade and after that Gold Digger will open and close trades automatically. It’s not necessary to seat near PC and wait a signal to close position. You should just choose instruments and after that Gold Digger all will do automatically. You should understand that it’s necessary for traders to choose instruments on which they want to trade because some want to use gold, other silver and so on. This is really comfortable and useful!

Best Regards,
GOLD Digger Support Team”

And GD keeps showing “verified results” on their webpage, where they say GD is automatic. I think that everybody, who tell here on watchdog that they are trading automatically or that they are withdrawing usd 1500 profit, is not a real person, is a fake person, fake post. Or otherwise they would tell, what broker they are using, and they would tell us, where they started the autotrading. I think, that here golddigger.trade/members/product.php you cannot do autotrading. I sent my questions to support@golddigger.trade.
I get “GD” replies from GOLD Digger Support .
I think that the people who answer my questions, either do not know what they talking about and they do not use the golddigger app themselves, or they are just scammers, sorry to say. Their answers are scam quality.

Thank you for your kind offer of a bonus.
However, I upgraded already on Sunday 2015.09.20.

I have been wondering when does the autotrader start working?

Since Sunday I have placed the trades manually on golddigger.trade/members/product.php
Am I doing something wrong, since golddigger is not placing trades by itself automatically for me?
See, I have to use the netdania.com jscharts to analyze the asset before I trade, you know, the usual RSI, BolligerBands, SMA…
Specially golddigger gold put on 2015.09.24 Thu was really the opposite of the market, gold hiked up from 1130 to 1155, but your recommended tradeanalysis was PUT all day long exp many hours. I expected a CALL trade to appear any time during the day, but no. Why did you not change the gold trade at all for some 30 minutes CALL? So I trusted you on gold. I thought you must know something, but did you?
Silver CALL was OK.
I missed the bonus this time, and it is ok. I do not want a bonus. I want good signals or insured trades, maybe.
golddigger.trade/members/product.php

1. Please, send me a screenshot of a real golddiger page and its URL,
I need to see that I have logged in the real golddigger page.
2. Also show me the page where I do Choose Silver for automatic trading.

Hi All,
I also open an account with Golddigger with Binarybook and Gold digger require me to open another account. While waiting to fund the second account, someone done trading on my account. Gold Digger support has so many types of email, support@diggergold.net, support@golddigger.trade, support@gdigger.net. I have report to binarywatchdog and it was not posted. Sent e-mail to binary book to withdraw and they refuse and ask me to continue trading. In first place, I have not done any trading yet. I asked Binarybook, Who did the trading . No reply from them.Now I cant even log in to Golddiger. Sent email to Golddiger..No reply..This is totally a BS!!!! software.

I agree 100 % with your comment. I posted some negative comments on The Binary Options Watch Dog web site and guess what it was never publicized. If you read all the comments, all are positive and no one was complaining about losing money (well I did, but it was never made public).
Further, it makes no sense to down load a program to your computer if all is web based! I downloaded the program anyway and wow…there were many hidden Potentially Unwanted Programs (PUP) installed on my hard drive once the installation was completed! My Anti-Malware Program found 21 PUP’s afterwards.
After I had deposit $ 250 on my account I had only one trade option available and no auto reload. Gold trade option was never active, just the one for the currencies. I reached out to the Gold Digger support team and they went back to me saying, that I have to invest an additional $ 250 with a different second trading broker. Once I have the 2 trading brokers, only then the program would become 100% active as well the Gold trading option.
Gold Digger is scam, so please do not fall in this trap as I did!
Thank you for your web site TheBestBinaryOptionsBrokers.net, I wish I would have found you much earlier!

I read many positive reviews on watchdog so i signed up for gold digger. I did win 9 trades out of 14 trades. Unfortunately, my broker bigoption has denied me two times for withdrawing the profits. They still haven’t solved my withdrawal issue and i guess i’ll never get back the profits i earned at gold digger. So, i stop using software at their site. Then, i opened another account with banc de hoping that i’ll get paid since they are regulated brokers. I lose 4 trades out of 8 trades meaning i didn’t profit but lose money. so now, i stop using the software, gold digger. Another software called dowefocusgroup equinoix software also caused me lose money 3 trades i lose 2 trades so i stop using it now. I hope my bad experiences with these two software will alert you from signing into these scam products. I appreciate the efforts of website owner here in revealing the true facts of this scam. I should have read your review. If ever i read the review here i’d never fell into this scam. I just advise not to believe on any automated or software or robot that claiming to make you richer.

since i stopped using the software a while, the gold digger staff sent me email with misleading information also threatening to offset my profits if i don’t continue to use their software..this further confirms that they are DISHONEST.

We wish we could tell that your spot in GOLD Digger is safe and sound but it is still not taken advantage off aka producing more money… so we guess that earning online might just be not for you.

Our team was debating of actually “GIVING” out the start investment for free (seriously that’s how much we want the world to see how GOLD Digger makes money) but ultimately decided against.

Because… if we give the software for free…

and IF we prove beyond any possible reason of out that it works and makes money,

and IF those results are notarized and verified not by a scammy 3th party website but a notary with all needed credentials…

and IF the people can vote freely and the vast majority (99%) of the open POLL say they make money…

Then… that’s right TO MANY IFS already!!!

…then we expect you to take the plunge and join us…

Unfortunately this will be the last mail you are getting from us…
It’s decision time… you’re either in or you’re out… no 2nd chances anymore… we need to take care of our club and as said before if money making is not your thing… no hard feelings… we wish you a prosperous future…

Sincerely,
Ronald and Antony
and the full programming team at the GOLD Digger App!

Gold DIgger is a manual system I signed up could not find automatic settings emailed GD said I had to open a second account I did not. It gives a call or put signal on gold and silver and currencies, it does not tell you the price that you are bidding you don’t know that until you trade so you are guessing. My first 7 trades all wins good start, since then it is 20/20 and lost everything. Keep your money it is not a good system. What I find frustrating is it is recommended by binary options watchdog .com and scam watchdog .org and you post negative reviews on their site they don’t post them.

Folks,
GD and any other scamming App or robots producers pay websites/blogs to endorse their products. So, watchdog BOWD is no different, they endorse falsely for money too just like all other scammers which makes them no better than most others, but they are probably of the lesser evil type. I speak from my own personal experience as they have used my name to falsely endorse Cash Camp by completely twisting my negative experience to a positive endorsement. What they do is use genuine peoples email and name sand twist the facts falsely as positive testaments. Never realized they would stoop so low to scum levels.

this review really good and i enjoy a lot of reading this Then, i opened another account with banc de hoping that i’ll get paid since they are regulated brokers. I lose 4 trades out of 8 trades meaning i didn’t profit but lose money. so now, i stop using the software, gold digger. Another software called dowefocusgroup equinoix software also caused me lose money 3 trades i lose 2 trades so i stop using it now. I hope my bad experiences with these two software will alert you from signing into these scam products. I appreciate the efforts of website owner here in revealing the true facts of this scam. I should have read your review. If ever i read the review here i’d never fell into this scam. I just advise not to believe on any automated or software or robot that claiming to make you richer.